MUMBAI, India, Aug. 10 -- Intellectual Property India has published a patent application (202411103705 A) filed by Lovely Professional University on December 27, 2024, for Smart Wallet With Integrated Contactless Cash Display System.
Inventor includes Dr. Payal Kapoor.
The application for the patent was published on July 31, 2026, under issue no. 31/2026.
Abstract: The present invention relates to a smart wallet with an integrated contactless cash display system, designed to enhance the convenience and security of managing paper currency. The smart wallet comprises a sensor-enabled money compartment equipped with thin, flexible weight sensors or optical sensors that accurately detect and measure the amount of paper currency by assessing the thickness and number of bills. A digital display, integrated on the outer surface of the wallet, discreetly shows the estimated total cash amount and activates only when the wallet is tilted at a certain angle or lightly tapped. The wallet includes a battery and power management system with a slim rechargeable battery, potentially solar-powered, to ensure efficient energy use by activating the sensors and display only when necessary. A security module uses RFID or Bluetooth to connect to a smartphone app, enabling locking, deactivating counting, and PIN-protected display for privacy.
Disclaimer: Curated by HT Syndication.
